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” The world has synchronized on Russian crypto sanctions “ In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. According to the United Nations High Commissioner…
” Crypto industry fires back after EU vote to block ‘unhosted’ wallets “ The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly…
” ECB official suggests importance of physical stores accepting digital euro “ Fabio Panetta, an executive board member of the European Central Bank, said focus groups exploring the potential rollout of a digital euro hinted the ability to use the digital currency at online and physical stores could be a key feature. In a written…
” EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns “ Less than a week after a potential ban on Proof-of-Work (PoW) digital assets was dropped from the EU’s prospective MiCA framework, a new threat to the crypto industry could be emerging in the European Union. This time, it is non-custodial, or unhosted,…
“EU, US agree to preliminary data storage deal” The European Union and the US announced a preliminary data transfer deal on Friday, seeking to end the limbo in which thousands of companies found themselves after Europe’s top court threw out two previous pacts due to concerns about US surveillance. While businesses cheered the news, Austrian…
“EU to crack down on Big Tech with new antitrust regulations” European Union officials have agreed on the language of new legislation aimed at reining in powerful American tech giants like Meta-owned Facebook and Alphabet Inc.’s Google. Approval is pending for the EU’s Digital Markets Act, which is designed to prevent tech firms from gaining…
” European crypto regulatory framework goes to three-way consideration without PoW ban “ The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over. Thursday marked the last day when the European Parliament could stop the current…
“US to sell energy to Europe in bid to cut Russian gas” The United States will sell natural gas to the European Union as part of an overall plan to cut the continent’s dependence on Russian energy in the wake of Moscow’s invasion of Ukraine, President Biden said Friday. The US will ship 15 billion…
” Green ‘light:’ The EU’s approach to crypto balances eco-values with regulatory relevance “ Last week, Bitcoin (BTC) dodged a regulatory bullet in the European Union when proposed cryptocurrency legislation was altered to not include a ban on proof-of-work- (PoW)-based crypto assets. Policymakers had raised a number of concerns about the relative anonymity of crypto…
” EU vote on Bitcoin mining: What does it mean for the industry? “ Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP). A last-minute amendment presented by an ad hoc coalition…